RISK FACTORS FOR THE OCCURRENCE OF DAMAGES AND THE ADEQUACY OF NON-LIFE INSURANCE PREMIUMS

Monia Milutinović

DOI Number
https://doi.org/10.22190/FUEO230819013M
First page
185
Last page
201

Abstract


In order to maintain business stability and ensure the fulfillment of assumed obligations, insurers strive to establish adequate systems for identifying and measuring risks. Identifying the sources of risk factors for premium inadequacy and finding solutions to mitigate these risks is of crucial importance for the ability of insurance companies to cover claims and ensure business continuity. Therefore, the aim of this paper is to demonstrate how the occurrence of claims affects premium adequacy and to contribute to the elimination or mitigation of the risk of premium insufficiency.


Keywords

claims (damages), premium, risk, reserves, premium instability

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References


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DOI: https://doi.org/10.22190/FUEO230819013M

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